v3.25.2
Leases (Tables)
6 Months Ended
Jun. 30, 2025
Leases  
Summary of supplemental balance sheet information related to leases

(Dollars in thousands)

June 30, 2025

December 31, 2024

Operating lease ROU assets

$

49,759

$

45,800

Operating lease liabilities

$

50,102

$

46,443

Weighted-average remaining lease term-operating leases

7.0 years

7.3 years

Weighted average discount rate-operating leases

4.2%

4.0%

Schedule of components of lease expense and cash flow information related to leases

For the three months ended June 30,

(In thousands)

Line Item Presented

2025

2024

Lease Cost

 

  

 

  

Operating lease cost

Occupancy and equipment

$

2,321

$

2,221

Operating lease cost

Other operating expenses

2

17

Short-term lease cost

Professional services, Occupancy and equipment and other operating expenses

 

57

 

40

Variable lease cost

Occupancy and equipment

 

303

 

323

Total lease cost

$

2,683

$

2,601

Other information

 

Cash paid for amounts included in the measurement of lease liabilities:

 

Operating cash flows from operating leases

$

2,584

$

2,457

Right-of-use assets obtained in exchange for new operating lease liabilities

$

7,833

$

10,894

For the six months ended June 30,

(In thousands)

Line Item Presented

2025

2024

Lease Cost

 

  

 

  

Operating lease cost

Occupancy and equipment

$

4,641

$

4,457

Operating lease cost

Other operating expenses

7

37

Short-term lease cost

Professional Services, Occupancy and equipment and Other operating expenses

 

100

 

82

Variable lease cost

Occupancy and equipment

 

627

 

593

Total lease cost

$

5,375

$

5,169

Other information

 

 

  

Cash paid for amounts included in the measurement of lease liabilities:

 

  

Operating cash flows from operating leases

$

5,095

$

4,909

Supplemental disclosure of non-cash activities:

Right-of-use assets obtained in exchange for new operating lease liabilities

$

7,833

$

10,894

Schedule of Minimum annual rental payments for Bank facilities due under non-cancelable leases

Minimum Rental

(In thousands)

Years ended December 31:

2025

$

3,827

2026

9,809

2027

9,042

2028

8,899

2029

7,688

Thereafter

19,488

Total minimum payments required

58,753

Less: implied interest

(8,651)

Total lease obligations

$

50,102